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**1. BTC Digital (BTCT)** Bitcoin mining firm, BTC Digital (BTCT), has moved $1 million of company cash into ether (ETH), which it [called](https://www.prnewswire.com/news-releases/btct-announces-completion-of-1-million-ethereum-strategic-reserve-302503194.html) its new “digital gold.” [https://finance.yahoo.com/news/another-btc-mining-firm-moves-164814175.html](https://finance.yahoo.com/news/another-btc-mining-firm-moves-164814175.html) **2. Bit Digital (BTBT)** Bit Digital ditched bitcoin for ETH, amassing more than 100,000 ETH and positioning itself as one of the largest public holders of the token. [https://www.theblock.co/post/361348/bit-digital-swaps-entire-treasury-into-ethereum-says-its-now-a-top-public-eth-holder-after-a-173-million-splurge](https://www.theblock.co/post/361348/bit-digital-swaps-entire-treasury-into-ethereum-says-its-now-a-top-public-eth-holder-after-a-173-million-splurge) **3. BIT Mining (BTCM)** Crypto miner BIT Mining pivots to Solana with plan to raise up to $300 million for SOL treasury [https://www.theblock.co/post/361965/bit-mining-solana-300-million-usd-sol-treasury](https://www.theblock.co/post/361965/bit-mining-solana-300-million-usd-sol-treasury) **4. BitMine Immersion Technologies (BMNR)** Initially a BTC mining firm, it announced a major pivot to **acquiring Ethereum** and staking. [https://www.businessinsider.com/bitmine-immersion-stock-price-peter-thiel-ethereum-reserve-bitcoin-stablecoin-2025-7?utm\_source=chatgpt.com](https://www.businessinsider.com/bitmine-immersion-stock-price-peter-thiel-ethereum-reserve-bitcoin-stablecoin-2025-7?utm_source=chatgpt.com)
I think BTCT announced last week but didn't actually buy the ETH until yesterday, so it's probably fairer to say 4 in 2 weeks.
> Can someone explain to me why ETH has been surging recently? There are two levels to this answer. The first and most obvious is that a lot of entities are starting to buy ETH in a big way. This is not just tradfi institutions and whale traders, but even bitcoin mining companies are selling their BTC reserves and buying hundreds of thousands of ETH. https://www.stocktitan.net/news/BTCT/btct-announces-completion-of-1-million-ethereum-strategic-a60lv87zrwmq.html https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-closes-250-million-private-placement-to-advance-its-treasury-strategy-on-ethereum-302500920.html https://bit-digital.com/press-releases/bit-digital-inc-continues-expansion-of-ethereum-holdings-to-approximately-120000-eth-reinforcing-treasury-strategy/ The second part though is why? The answer is in adoption of the Ethereum network itself. Huge numbers of mainstream companies are now building the future financial system onchain, finally recognizing the advantages that this offers them that we've all been explaining for years. And despite the many claims of the marketing teams from Solana, Ripple etc , the reality is that almost everything being build onchain is being done in the Ethereum ecosystem. https://ethereumadoption.com/built-on-ethereum/ As well as RWA platforms, bank L2s, etc etc, one of the biggest use cases that is now being widely recognized is that of stablecoins. There is more value in stablecoins on Ethereum than in every other ecosystem combined: https://visaonchainanalytics.com/supply. That fact, combined with the security, robustness, and ability to capture value, means that, in the words of the recent Electric capital report: **"Ethereum is uniquely positioned to host the global financial infrastructure for this new digital dollar economy, and ETH stands to benefit directly from this growth."** https://electriccapital.substack.com/p/beyond-stablecoins-the-case-for-ethereum Another report that touches on what this level of adoption means for Ethereum is Fidelity's recent publication on "Blockchains as emerging economies" - aimed at investors and focused on Ethereum. https://institutional.fidelity.com/app/proxy/content?literatureURL=/9919383.PDF Basically, the mainstream financial world has recognized that the actual usefulness of crypto is Ethereum, and that onboarding cannot help but create sustainable demand for ETH the asset. Unlike BTC, which depends entirely on people buying it in the hope that someone in the future will want to buy it for a higher price, ETH will be needed by entities like Sony and Deutsche Bank to secure their L2s etc etc. So speculative investors (from retail ETF buyers to the bitcoin miners noted abover) are trying to front-run that demand by buying now.
Bitcoin miners are certainly doing something: https://www.stocktitan.net/news/BTCT/btct-announces-completion-of-1-million-ethereum-strategic-a60lv87zrwmq.html https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-closes-250-million-private-placement-to-advance-its-treasury-strategy-on-ethereum-302500920.html https://bit-digital.com/press-releases/bit-digital-inc-continues-expansion-of-ethereum-holdings-to-approximately-120000-eth-reinforcing-treasury-strategy/
BTCT:https://www.prnewswire.com/news-releases/btct-announces-strategic-pivot-to-ethereum-converting-all-bitcoin-reserves-into-eth-302507813.html
**CAN, HUT, and BTCT** Please do your own DD.
How soon will USDT become BTCT?
I don't understand why you'd do that. BTC is not TRC20 protocol? From what I've found, there is BTCT which would be a BTC-backed coin on the TRC20 Blockchain but I really don't advice to do things like that, you should keep your BTC in BTC.
Sstoshi's last post on BTCT was in 2010, about some update for a program.
Rising fiat valuations are a risk for all of crypto, but they are not a risk that many investors consider probable (at least in the longterm). The good thing about this is that it makes fiat long hedge positions extremely cheap. For example, I bought an SPY Put a few weeks ago that was large enough to cover my entire non-stablecoin portfolio against a deflationary market crash. It cost me about 5% of my portfolio, and I should be able to roll it over for an approximate cost of 10% APY. In fact, it will likely cost me nothing, because I sold 10% of it when it tripled in value last week. I'd also point out that the benefit of purchasing 66% of the LUNA supply to attack the network decreases with the cost of doing so- if there is any. (There isn't any way to short enough LUNA to make up for the cost of that attack.) Further Terra's dynamics make LUNA one of the first cryptos to recover during crashes. The more fiats lose purchasing power, the more demand there is for LUNA and UST as people yields and returns to avoid falling fiat. LUNA's price can't fall forever. If it falls to a fraction of a penny, people will still want to arbitrage the peg. Many stakers are not likely to sell (because they won't be able to afford anything else either), newcomers will still see the upside potential of buying LUNA. If fiat completely fails maybe the Terra DAO will vote to add BTCT, but all of crypto will initially crash regardless, because our economies revolve around fiat. Fluctuations, and Terra unwinding UST demand, create unrealized losses for LUNA stakers, but also create lucrative opportunities for additional investment. Holders will either hodl or lose money, but everyone will know the ride is never over, because the dynamics are in the code. The arbitrage never goes away. The probability of LUNA going back up becomes greater the further the price falls. The mechanics of how it can recover are well established now, and as it gets cheaper, there is enormous incentive to take the risk of buying LUNA to hold for the ride back up. LUNA was worth pennies 11 months ago. UST had very little demand a year ago. And it's risk and dynamics are far better known now. We know what will happen.
yea, support more WBTC BTCT EBTC and odther shit tokens claiming to be secured by btc...
What are you even talking about? It’s called USDT they are the ones that advertised and created a coin that’s backed by the USD. So as they should, people want proof that it is exactly what they said it is. If it was called BTCT then people would want proof that it’s backed by BTC (they are holding an equal amount of BTC). Your rambling nonsense above is proof that you have a fundamental misunderstanding of the workings of the economy and crypto. This has nothing at all to do with whether USD is shit or not and everything to do with them (USDT) delivering what was promised.
Apart from the well known ones that everyone will mention: ZEFI SAPP BTCT
Thank you! I appreciate it. I got mine off of stake cube, And I love that website because you can earn a lot off of staking. I’m actually about to buy more BTC2 and BTCT soon, I already more than doubled my original investment with those two, and they’re still relatively untouched by the mainstream investors market, so they’ve got a low price with huge potential for growth.
Bitcoin Token, and I think it’ll go high because of the fact that tokens generally experience higher price increases in short duration than coins on average (look on coin gecko), and when BTC goes up to a million like people predict than BTCT will go up to like $50,000 at least.